Braze (NASDAQ:BRZE) Stock: Insider Jonathan Hyman Sells 20,000 Shares

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 20,000 shares of the company’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $45.76, for a total value of $915,200.00. Following the completion of the sale, the chief technology officer owned 828,219 shares in the company, valued at $37,899,301.44. The trade was a 2.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jonathan Hyman also recently made the following trade(s):

• On Tuesday, October 20th, Jonathan Hyman sold 285,000 shares of Braze stock. The shares were sold at an average price of $45.33, for a total transaction of $12,919,050.00.
• On Thursday, October 15th, Jonathan Hyman sold 10,000 shares of Braze stock. The shares were sold at an average price of $30.04, for a total transaction of $300,400.00.
• On Thursday, August 27th, Jonathan Hyman sold 42,000 shares of Braze stock. The stock was sold at an average price of $32.47, for a total transaction of $1,363,740.00.
• On Monday, August 24th, Jonathan Hyman sold 10,000 shares of Braze stock. The shares were sold at an average price of $31.04, for a total transaction of $310,400.00.
• On Wednesday, August 19th, Jonathan Hyman sold 9,413 shares of Braze stock. The shares were sold at an average price of $29.99, for a total transaction of $282,295.87.
• On Thursday, August 13th, Jonathan Hyman sold 35,000 shares of Braze stock. The shares were sold at an average price of $30.03, for a total transaction of $1,051,050.00.
• On Monday, August 10th, Jonathan Hyman sold 10,148 shares of Braze stock. The stock was sold at an average price of $27.27, for a total transaction of $276,735.96.
• On Friday, August 7th, Jonathan Hyman sold 17,895 shares of Braze stock. The stock was sold at an average price of $27.03, for a total transaction of $483,701.85.

Braze Price Performance

Shares of BRZE stock traded down $0.08 during mid-day trading on Monday, hitting $45.67. 5,661,465 shares of the stock were exchanged, compared to its average volume of 3,413,164. Braze, Inc. has a 52-week low of $15.26 and a 52-week high of $45.94. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.02. The company has a market cap of $5.19 billion, a PE ratio of -44.34 and a beta of 0.77. The firm has a fifty day moving average of $31.21 and a 200 day moving average of $24.64.

Braze (NASDAQ:BRZE) last announced its quarterly earnings results on Tuesday, September 8th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $227.23 million during the quarter, compared to analyst estimates of $220.27 million. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%. Braze’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 EPS. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. Research analysts anticipate that Braze, Inc. will post -0.70 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and set a $38.00 target price on shares of Braze in a research report on Wednesday, September 9th. Loop Capital lowered shares of Braze from a “buy” rating to a “hold” rating and set a $47.50 price target for the company. in a report on Tuesday, October 20th. William Blair cut shares of Braze from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th. UBS Group downgraded shares of Braze from a “buy” rating to a “hold” rating and set a $47.50 price objective on the stock. in a report on Tuesday, October 20th. Finally, Stephens lowered shares of Braze from an “overweight” rating to a “buy” rating and lifted their target price for the company from $34.00 to $47.50 in a research report on Wednesday, October 21st. Five research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $43.95.

Hedge Funds Weigh In On Braze

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC lifted its stake in Braze by 12.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 16,231 shares of the company’s stock worth $407,000 after purchasing an additional 1,816 shares in the last quarter. Vise Technologies Inc. acquired a new stake in shares of Braze in the third quarter valued at approximately $210,000. State of Wyoming lifted its position in Braze by 103.5% during the third quarter. State of Wyoming now owns 6,037 shares of the company’s stock worth $152,000 after buying an additional 3,070 shares in the last quarter. Sterling Capital Management LLC boosted its stake in Braze by 840.2% during the third quarter. Sterling Capital Management LLC now owns 3,159 shares of the company’s stock worth $79,000 after buying an additional 2,823 shares during the last quarter. Finally, Capstone Capital Management Ltd boosted its stake in Braze by 306.7% during the third quarter. Capstone Capital Management Ltd now owns 47,986 shares of the company’s stock worth $1,204,000 after buying an additional 36,186 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Braze Company Profile

Braze, Inc is a customer engagement software company that provides a platform for businesses to build, manage and measure personalized interactions with consumers. Its technology is designed to help brands communicate with customers across digital channels, including mobile applications, websites, email, SMS and messaging services.

The Braze platform supports customer data collection and segmentation, campaign creation, journey orchestration, experimentation and engagement analytics. Its capabilities include in-app and web messaging, push notifications, email marketing, content personalization and automated lifecycle campaigns.